Why Tel Aviv Is the World’s New Startup Capital – Emma Sheppard (Guardian-UK)
According to the 2018 Global Startup Ecosystem Report, Tel Aviv has the highest number of startups per capita in the world, and the highest investment of GDP in research and development (R&D).
It’s also one of the top-performing cities for global connections and global market reach, and has been highlighted by Compass and Fortunemagazine as one of the best places in the world to start a business.
Tel Aviv is also home to hundreds of venture capital funds, acceleration programs and co-working spaces.
“The ecosystem has matured a lot over the past decade, with experienced angel investors, higher aspirations, and an ecosystem that embraces change,” says Waze co-founder and serial entrepreneur Uri Levine.
In 2016, Israel’s Innovation Authority supported 1,115 projects of 650 companies.
The government has also reduced corporation taxes for tech companies and removed bureaucratic obstacles to encourage hi-tech mergers.